Form 4: Saba Capital Management Reports Transaction in Nuveen New Jersey Quality Municipal Income Fund

Saba Capital Management, a 10% owner of Nuveen New Jersey Quality Municipal Income Fund, reports the disposition of 31,258 shares of common stock.

Summary

• Saba Capital Management, L.P., has reported a transaction in Nuveen New Jersey Quality Municipal Income Fund (NXJ).
• The transaction involved the disposition of 31,258 shares of common stock on March 3, 2025.
• The shares were sold at a price of $12.31 per share.
• Following the transaction, Saba Capital Management beneficially owns 4,346,954 shares indirectly.
• Boaz Weinstein, also associated with Saba Capital Management, is listed as a reporting person.

Sentiment

Score: 5

Explanation: This is a neutral report of a stock transaction. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock. This filing indicates changes in ownership by a major shareholder, Saba Capital Management, which is common in the investment management industry.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership percentage by a significant holder.

Key Dates